Strategy (NASDAQ:MSTR) Trading Down 1.1% After Insider Selling

Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) fell 1.1% during trading on Wednesday following insider selling activity. The company traded as low as $375.66 and last traded at $383.05. 3,340,538 shares traded hands during trading, a decline of 81% from the average session volume of 18,039,961 shares. The stock had previously closed at $387.43.

Specifically, Director Carl J. Rickertsen sold 26,390 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the transaction, the director now directly owns 980 shares in the company, valued at approximately $364,952. This trade represents a 96.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jarrod M. Patten sold 7,150 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $365.77, for a total value of $2,615,255.50. Following the sale, the director now directly owns 27,020 shares of the company's stock, valued at approximately $9,883,105.40. This represents a 20.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, Director Jarrod M. Patten sold 2,400 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $369.39, for a total transaction of $886,536.00. Following the completion of the sale, the director now directly owns 23,870 shares of the company's stock, valued at $8,817,339.30. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSTR. UBS Group reaffirmed a "buy" rating on shares of Strategy in a report on Friday, May 16th. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a report on Monday, May 19th. Barclays reissued a "hold" rating on shares of Strategy in a report on Monday, May 19th. HC Wainwright started coverage on Strategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price for the company. Finally, Maxim Group raised their target price on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $514.42.

Strategy Stock Down 2.5%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market cap of $100.83 billion, a PE ratio of -65.47 and a beta of 3.79. The firm has a fifty day simple moving average of $352.20 and a 200 day simple moving average of $343.39.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same quarter last year, the firm earned ($0.83) EPS. The firm's quarterly revenue was down 3.6% compared to the same quarter last year.

Institutional Trading of Strategy

Institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new position in Strategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of Strategy during the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC raised its position in shares of Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Dunhill Financial LLC acquired a new stake in shares of Strategy during the 4th quarter valued at approximately $26,000. Finally, Parkside Financial Bank & Trust grew its stake in Strategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

About Strategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.